Basic Requirements

• Inspection Report from the Area.
• Format Application
• Certificate of Incorporation
• Memorandum and Article of Association
• Particulars of Directors – Form Sale 2.3.
• Current Customs Agent Licence.
• Audited Account of the Company.
• Forms Sale 158.
• Site Plan and Premise’s Plan
• Sketch Diagram of the location.
• Vehicle Particulars.
• Letter of Recommendation from a reputable Bank.

Additional Requirements

• The application must be a reputable corporate body with necessary facilities to operate a bonded warehouse.
• The applicant must be able to show evidence that this business enterprise would suffer greatly if denied bonded warehousing facilities.
• Goods evacuated to a bonded warehouse must be cleared within a period of three months with duty and charges fully accounted for.
• There shall be periodic audit of warehouses goods.
• The bond security in respect of the warehoused goods should not be less than 15% of the duty payable. This is apart from the general bond which the operator must execute with any of the Customs Duty collecting Banks.
• Any bonded warehouse operator who violates any of the concessions granted under the procedure shall have his licence or approval withdrawn and made to face prosecution and or a fine of 200% of the value of the bond.
• Every bonded warehouse should be linked to the ASYCUDA for purposes of accountability and ensuring that every cargo is properly assessed and duty paid.
• The importer would have specified on his Form “M” that the cargo would be cleared through a specified bonded warehouse.